3.0.0 2303 2023-01-11T14:50:58Z 2023-01-11T14:50:58Z Senate S S 2007-11-02 110 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2007-11-02T16:28:45Z To amend section 435(o) of the Higher Education Act of 1965 regarding the definition of economic hardship. 110 4344 HR 2008-02-05 Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness. Identical bill CRS 2007-11-02 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2007-11-02 Introduced in Senate IntroReferral 10000 9 Library of Congress B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze N I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2007-11-02 True C000560 Sen. Coburn, Tom [R-OK] TOM COBURN R OK 2007-11-06 False A000360 Sen. Alexander, Lamar [R-TN] Lamar Alexander R TN 2007-11-14 False C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA 2008-01-31 False R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2008-05-21 False D000388 Sen. Dodd, Christopher J. [D-CT] CHRISTOPHER DODD D CT JOHN 2008-07-17 False Education Collection of accounts Earnings Economics and Public Finance Federal aid to education Federally-guaranteed loans Finance and Financial Sector Government lending Higher education Labor and Employment Minimum wages Poverty Social Welfare Student loan funds Working poor Education 00 2007-11-02 Introduced in Senate 2008-01-31T21:22:34Z Amends the Higher Education Act of 1965 with respect to the meaning of economic hardship under the Federal Family Education Loan or Perkins Loan and related loan insurance programs.

Considers borrowers under such programs to be suffering economic hardship if they are working full-time, have a federal educational debt burden equal to at least 20% of their adjusted gross income, and the difference between their adjusted gross income minus such debt burden is less than 220% of the greater of: (1) the annual earnings of an minimum wage earner; or (2) 150% of the poverty line applicable to their family size.

]]> A bill to amend section 435(o) of the Higher Education Act of 1965 regarding the definition of economic hardship. Display Title A bill to amend section 435(o) of the Higher Education Act of 1965 regarding the definition of economic hardship. Official Title as Introduced A bill to amend section 435(o) of the Higher Education Act of 1965 regarding the definition of economic hardship. Introduced in Senate IS Introduced in Senate 2007-11-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2303is/xml/BILLS-110s2303is.xml 2007-11-02 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.